On November 21st, Avalanche's social protocol Stars Arena announced on Twitter that the first phase of migration has been completed and they are preparing for the next phase of migration. Currently, Stars Arena has resumed online, but with limited functionality.
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According to Scopescan monitoring, the ETH whale with a header of 0x0111, which has been silent for nearly a year, deposited 5,000 ETH ($10.2 million) into Binance. The whale originally acquired most of the ETH from Houbi three years ago for $340, and withdrew a large amount of funds a year ago when ETH rose to $1,300. As of now, the address still holds 35,000 ETH (approximately $70.83 million).
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According to official sources, the Sui browser now includes a source code view of the Sui framework package. The "Source Verified" tab is located next to the existing "Bytecode" tab, allowing developers to click and view the source code for the following packages: 0x1 | move-stdlib, 0x2 | sui-framework, 0x3 | sui-system, and 0xdee9 | deepbook. This new feature enables Sui developers to easily find, read, understand, and share Move code, making development or auditing easier. For supported packages, developers no longer need to search for a specific repository or branch corresponding to the published on-chain bytecode. Simply look up the source code in the Sui browser, including the documentation strings.
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The US Securities and Exchange Commission (SEC) has accused Kraken, a San Francisco-based crypto exchange, of operating its trading platform as an unregistered securities exchange, broker, dealer, and clearing agency. The SEC alleges that Kraken has made hundreds of millions of dollars "unlawfully facilitating the buying and selling of crypto asset securities." Wyoming Senator Cynthia Lummis, a noted crypto supporter, criticized the SEC's action, calling it an example of "ruling by enforcement." Lummis has previously called for a federal digital asset regulation bill to pass in the US early next year.
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On November 23rd, Bloomberg ETF analyst James Seyffart posted that Grayscale has submitted a new S-3/prospectus for the conversion of GBTC to ETF, and the biggest update is the plan to change the stock code from "GBTC" to "BTC". This confirms that Grayscale is negotiating with the SEC and updating/changing its product documents after discussing and receiving feedback from the SEC.
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PeckShield updated the fund losses on Heco Bridge, totaling approximately $86.6 million worth of cryptocurrency, including: 346,994 TUSD; 42,399 LINK ($601,641); 619,000 USDC; 173,200 UNI ($931,816); 346.9 million SHIB (approximately $2.8 million); 489 HBTC ($18.8 million); 42 million USDT; 10,145 ETH (approximately $19 million).
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According to Lookonchain monitoring, a participant in the Ethereum ICO who had been dormant for 3 years transferred 20,000 ETH (approximately $42.4 million), of which 10,000 ETH was transferred to Kraken.
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According to data from TradingView, the total value of all DeFi token projects is currently $57.75 billion, an increase of over 25% in the past month. The current valuation of DeFi is at its highest level since August 2022.
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According to Whale Alert monitoring, at 16:38:23 Beijing time, 12,000 ETH ($24,166,166) was transferred from an unknown wallet to Gate.io.
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Chaos Labs has launched a $20 million dYdX Chain incentive plan aimed at promoting early adoption and seamless transition to dYdX Chain. The plan will last for six months and aims to encourage various participants to migrate and participate in dYdX Chain. The incentive methods involve specific goals for different user groups, each of which aims to maximize the effectiveness of the plan.
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National Tax Agency (NTA) of Japan has revealed that it has recently investigated hundreds of cases of tax violations related to cryptocurrency. The NTA released its annual tax investigation report before the weekend, which includes a section on cryptocurrency taxation. The data in the report and a report from Japan's CoinPost show that the agency conducted 615 investigations into cryptocurrency held by Japanese residents in the 2022 fiscal year. The NTA noted that it had discovered 548 cases of tax violations, a significant increase from the previous fiscal year. In the 2021 fiscal year, the NTA conducted 444 investigations related to cryptocurrency and discovered 405 violations. However, the value of tax violations related to cryptocurrency seems to have decreased, which may reflect the global decline in cryptocurrency prices.
The NTA added that the average amount of unreported income in cryptocurrency-related cases in the 2022 fiscal year was about $206,000 per case, lower than the $245,000 per case in the 2021 fiscal year. The total value of unreported income in the 2022 fiscal year was $126.5 million, higher than $110 million in the previous year.
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On November 30th, BNB Chain officials stated that they are fixing the issues with the BSC and opBNB testnets, and the estimated time for the fix is about 1 hour. The mainnet is not affected.
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BNB Chain posted on social media that the BNB Chain Core team is currently conducting some tests with the community for a hotfix hard fork. The test network may be unstable or unavailable in the next few hours.
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Galaxy Digital CEO Michael Novogratz recently explained in a Bloomberg TV interview the reasons why Bitcoin prices are expected to "significantly rise", with his bullish forecast depending on the possibility of the US SEC approving the first US spot Bitcoin ETF.
Novogratz explained: "Bitcoin will usher in a number of positive factors, including the upcoming ETF, which the industry has high expectations for. Some of these have already been reflected in the price." He also said that when the announcement of the launch of the spot Bitcoin ETF is actually announced (Novogratz believes it will take two months before trading begins), BlackRock, Ark, Fidelity, and his own company will "use their sales force to convince people to adopt Bitcoin".
Novogratz also emphasized that BTC prices will rise significantly, especially in the event of a possible rate cut by the Federal Reserve, and believes that by this time next year, Bitcoin may reach its historical high. (Bitcoin.com)
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Galaxy Digital CEO Mike Novogratz is optimistic that Bitcoin will reach its all-time high by next year, with the potential approval of the first U.S. spot Bitcoin ETF driving billions of dollars into the sector. Novogratz believes that making it easier to invest in cryptocurrencies via ETFs will attract a fresh set of retail investors. Meanwhile, MicroStrategy has purchased an additional $593.3 million worth of Bitcoin, bringing their total holdings to 174,530 BTC acquired for ~$5.28 billion at an average price of $30,252 per bitcoin. Other high-profile leaders in traditional finance, such as BlackRock's Larry Fink, have also expressed optimism about Bitcoin's future.
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According to [email protected] monitoring, 29,000 BTC options are about to expire with a Put Call Ratio of 0.58, a maximum pain point of $37,000, and a nominal value of $1.13 billion.23,000 ETH options are about to expire with a Put Call Ratio of 0.49, a maximum pain point of $2,100, and a nominal value of $470 million.Cryptocurrency volatility has significantly decreased this week. After last week's monthly settlement, BTC has hit $38,000 three times in a row but ultimately failed to hold.
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Caitlin Long, the founder and CEO of Custodia Bank, stated in an interview that she believes traditional finance and Bitcoin need to coexist. It is necessary to build a bridge between the two systems to ensure that they do not harm each other, while combining their respective strengths: the powerful customer protection provided by banks as the best form of currency.
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The decentralized finance company Avara (formerly known as Aave) has reached its target of $0.98 for its stablecoin GHO. Currently, there are 980 addresses holding GHO, with the top 10 addresses controlling 61.01% of the total supply. In addition, the top 100 holders of GHO stablecoin collectively own 99.47% of the circulating supply. As of December 2, 2023, GHO is ranked as the 26th fiat-backed stablecoin by market capitalization.
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On December 1st, CleanSpark, a bitcoin mining company, released an update on its production and operation in November. It produced 666 BTC and sold 402 BTC last month. As of November 30th, it holds a total of 2575 BTC.
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The trustee responsible for rehabilitating the now-defunct crypto exchange Mt. Gox has announced that payments to creditors will begin before the end of the year. However, due to the large number of creditors and varying types of repayments, some may have to wait until 2024 to receive their payments. Individual creditors will not receive advance notice of their payment schedule, but they can check their repayment status on the MTGOX online rehabilitation claim filing system. Mt. Gox was hacked in 2011, resulting in the theft of 850,000 BTC worth approximately $500 million at the time.
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